March Housing Stats show highest sales volume since 2007

Greater Louisville Association of REALTORS®
Residential Sales Statistics
Single Family Residential & Condo

The Greater Louisville Association of Realtors ® (GLAR) released March 2013 statistics which show the highest March sales volume and average price since 2007. 1049 properties were sold by members this March, representing an increase of 15% compared to March 2012. The average price increased 4% from one year ago to $170,424. This matches the highest average price for March sales, which was recorded in 2007. The inventory of available homes is basically unchanged; however, GLAR President, Paul Ogden noted that, “we are seeing shortages of inventory in the most popular neighborhoods.” He added that, “the large number of properties that into a pending status in February did show up in the March sales figures, and members are looking for that strength to carry forward into the summer selling season.”

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